In Nanaimo 58.7% of home owners have a mortgage on their home. 24.4% of home owners in Nanaimo spend more than 30% of their household income on shelter costs. When it comes to rented homes, 13.4% of the rented homes in Nanaimo are subsidized and the remaining 86.6% pay market rent. Subsidized housing is government sponsored economic assistance program aimed towards alleviating housing costs and expenses for people in need with low to moderate incomes. 52.3% of tenants in Nanaimo spend over 30% of their household income on shelter costs.
|Homes with a mortgage||58.70%|
|Homes spending more than 30% of household income on the home||24.40%|
|Homes that are subsidized by tax payers||13.40%|
|Rented homes where more than 30% of household income is spent on shelter costs||52.30%|